Quantbot Technologies LP Buys Shares of 15,253 Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Quantbot Technologies LP acquired 15,253 shares of Cracker Barrel Old Country Store, valued at approximately $592,000, increasing its stake to about 0.07% as per its latest SEC filing.
• Cracker Barrel reported a quarterly earnings of $0.58 per share, outperforming analysts' expectations of $0.17, alongside revenue of $821.1 million, which fell slightly short of the estimated $824.65 million.
• Analysts have mixed sentiments on Cracker Barrel, with target prices ranging from $42.00 (sell rating) to $69.00 (neutral rating), indicating uncertainty in the stock's future performance.

Quantbot Technologies LP acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,253 shares of the restaurant operator's stock, valued at approximately $592,000. Quantbot Technologies LP owned about 0.07% of Cracker Barrel Old Country Store at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CBRL. Dimensional Fund Advisors LP raised its holdings in Cracker Barrel Old Country Store by 16.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after acquiring an additional 50,905 shares during the period. MetLife Investment Management LLC raised its holdings in Cracker Barrel Old Country Store by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock worth $707,000 after acquiring an additional 754 shares during the period. Tower Research Capital LLC TRC raised its holdings in Cracker Barrel Old Country Store by 32.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,116 shares of the restaurant operator's stock worth $218,000 after acquiring an additional 1,020 shares during the period. State of Tennessee Department of Treasury raised its holdings in Cracker Barrel Old Country Store by 50.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 8,567 shares of the restaurant operator's stock worth $453,000 after acquiring an additional 2,869 shares during the period. Finally, Stifel Financial Corp raised its holdings in Cracker Barrel Old Country Store by 62.7% in the 4th quarter. Stifel Financial Corp now owns 61,227 shares of the restaurant operator's stock worth $3,236,000 after acquiring an additional 23,585 shares during the period. Institutional investors and hedge funds own 96.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CBRL shares. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. UBS Group restated a "neutral" rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Citigroup restated a "sell" rating and set a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Loop Capital boosted their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $55.14.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL traded down $2.27 on Thursday, reaching $60.06. The stock had a trading volume of 1,454,929 shares, compared to its average volume of 1,540,283. The company has a market capitalization of $1.34 billion, a P/E ratio of 23.28 and a beta of 1.47. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.85 and a 1-year high of $71.93. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $62.29 and a 200-day moving average price of $52.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The firm had revenue of $821.10 million for the quarter, compared to analyst estimates of $824.65 million. During the same period in the previous year, the business earned $0.88 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. Research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, July 18th. Cracker Barrel Old Country Store's dividend payout ratio is presently 38.76%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.